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trustor |
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trustor n. the creator of a trust (who normally places the original assets into the trust), called a "settlor" or "donor" in many states. Trustor is a title used primarily in western states. (See: trust, settlor) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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when examining trust between two or more individuals, there is a trustor (the individual trusting) and a trustee or trustees (the individual or individuals being trusted). Trustor Person who is borrowing money secured by a trust deed Arguably the most comprehensive definition of trust has been proposed by Mayer, Davis and Schoorman (1995) where trust is the "willingness of a party to be vulnerable to the actions of another party based on the expectation that the other will perform a particular action important to the trustor, irrespective of the ability to monitor or control that other party". |
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